Bitcoin Cash Intraday: as long as 587.4 is support look for 627
Bitcoin Cash (BCH/USD)
+8.67+1.48%
as long as 587.4 is support look for 627.
Our pivot point is at 587.4.
Our preference: as long as 587.4 is support look for 627.
Alternative scenario: below 587.4, expect 574.1 and 566.1.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 597.9 and 587.3).
Supports and resistances:
643.0 **
635.0 *
627.0 **
619.0
598.3 last
592.6
587.4 **
574.1 *
566.1 **
Our preference: as long as 587.4 is support look for 627.
Alternative scenario: below 587.4, expect 574.1 and 566.1.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 597.9 and 587.3).
Supports and resistances:
643.0 **
635.0 *
627.0 **
619.0
598.3 last
592.6
587.4 **
574.1 *
566.1 **
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